Enterprise Financial Services Corp Raises Holdings in Caterpillar Inc. (NYSE:CAT)

Enterprise Financial Services Corp lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 11.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,355 shares of the industrial products company’s stock after acquiring an additional 142 shares during the period. Enterprise Financial Services Corp’s holdings in Caterpillar were worth $492,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CAT. Geode Capital Management LLC lifted its holdings in Caterpillar by 0.7% in the third quarter. Geode Capital Management LLC now owns 10,213,455 shares of the industrial products company’s stock valued at $3,987,206,000 after acquiring an additional 67,148 shares during the period. Fisher Asset Management LLC raised its stake in Caterpillar by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company’s stock valued at $3,294,505,000 after purchasing an additional 129,143 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Caterpillar by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,627,513 shares of the industrial products company’s stock valued at $1,418,793,000 after purchasing an additional 64,452 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Caterpillar by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,289,101 shares of the industrial products company’s stock valued at $1,193,154,000 after buying an additional 61,723 shares in the last quarter. Finally, Amundi grew its holdings in Caterpillar by 17.3% in the 4th quarter. Amundi now owns 2,166,087 shares of the industrial products company’s stock valued at $782,109,000 after buying an additional 318,891 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insiders Place Their Bets

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the transaction, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CAT. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Morgan Stanley decreased their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Evercore ISI boosted their target price on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Citigroup boosted their target price on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Wedbush raised Caterpillar to an “outperform” rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $383.80.

Caterpillar Stock Up 2.9 %

CAT opened at $350.97 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. The business’s fifty day moving average is $363.11 and its two-hundred day moving average is $372.77. The company has a market cap of $167.74 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Tuesday, January 21st. Caterpillar’s dividend payout ratio is currently 25.56%.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.